Yes, yesterday was a lot of fun. However, don’t break out the champagne just yet. This is exactly what I have been talking about, i.e., violent rallies as the shorts begin to cover and prices become so oversold.
This makes us all feel better—except me. I would prefer smaller, more steady and consistent rallies. We will get these after we have rallied back around 11,200 to 11,400 and then expect another sell off that DOES NOT go to the low we just put in place.
How fast and how far can you run on one leg???? That is what we now have. It will be much, much better if and when we get the second leg down, thus creating two legs to stand on and a firm platform to begin the assault into the end of this year and in to 2007 which , I think, is going to be just terrific.
Just a brief note to let you know how we feel here.
Absolutely fabulous day in Montana.
Stay calm,
Jack